Privacy Policy and Terms of Use

About us

Lendsqr provides a software platform for small and individual lenders to originate loans, score credits using credit bureau services or machine learning algorithms, collect and recover loans, and provide reports and analytics.

Your privacy rights

This Policy descibes your privacy rights regarding Lendsqr's (“we”, “us” or “our”) collection, use, storage, sharing and protection of your personal information. It applies to the Lendsqr website and all applications, services and tools regardless of how you access or use them.

If you are provided with a username, identification code, password or any other piece of information as part of our security measures, you must treat such information as confidential, and you must not disclose it to any third party. We reserve the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of these Conditions. If you know or suspect that anyone other than you know your security details, you must promptly notify us at info@lendsqr.com.

Consent

You accept this Policy when you sign up for access, or use our products, services, content, features, technologies or functions offered on our website and all related sites, applications, and services (collectively “Lendsqr Services”). This Policy governs the use of Lendsqr Services by our users unless otherwise agreed through written contract. We may amend this Policy at any time by posting a revised version on our website. The revised version will be effective 7-days after posting.

Updates, Modifications & Amendments

We may need to update, modify or amend this Policy as our technology evolves. We reserve the right to make changes to this Policy at any time by giving notice to Users on this page. We advise that you check this page often, referring to the date of the last modification on the page. If a User objects to any of the changes to this Policy, the User must cease using this website, or terminate account in the event that an account has been created.

Age restriction

Our website and services are not directed to persons under the age of 18. We do not knowingly transact or provide any services to persons under the age of 18. If as a parent or guardian, you become aware that your child or ward child has provided us with any information without your consent, please contact us through details on this Policy.

Your personal information

When you use Lendsqr Services, we collect information sent to us by your computer, mobile phone or other electronic access device. The automatically collected information includes but is not limited to data about the pages you access, computer IP address, device ID or unique identifier, device type, geo-location information, computer and connection information, mobile network information, statistics on page views, traffic to and from the sites, referral URL, ad data, and standard web log data.

We may also collect information you provide us including but not limited to information on web form, account update information, correspondence with Lendsqr support services. We also collect information about your transactions, enquiries from Lenders and your activities. More specifically, we collect your contact information such as name, address, phone, email etc. Information gotten through survey responses, telephone conversation, customer enquiries and other means may also be used by us.

We may also use information provided by third parties like social media sites. Information about you provided by other sites are not controlled by Lendsqr and we are therefore not liable for how they use it. What we do with your personal information:

• provide Lendsqr services and support;
• process transactions and send notices about your transactions to requisite parties;
• verify your identity;
• resolve disputes, collect fees, and troubleshoot problems;
• manage risk, or to detect, prevent, and/or remediate fraud or other potentially prohibited or illegal activities;
• detect, prevent or remediate violations of policies or applicable user agreements;
• improve the Lendsqr Services by implementing aggregate customer preferences;
• measure the performance of the Lendsqr Services and improve content, technology and layout;
• manage and protect our information technology infrastructure;
• contact you at any time through your provided telephone number, email address or other contact details;
• notify you about your account, troubleshoot problems with your account, resolve a dispute, poll your opinions through surveys or questionnaires, enforce our policy, notify you of new products, discounts, promotions, or as otherwise necessary to service your account, we may contact you through information provided.

About us

Lendsqr provides a software platform for small and individual lenders to originate loans, score credits using credit bureau services or machine learning algorithms, collect and recover loans, and provide reports and analytics.

We are an independent contractor for all purposes, providing this website and our services on an independent service provider basis. We do not have control or assume the liability or legality for the products or services that are paid for with our service. We do not guarantee any user's identity and cannot ensure that a borrower will repay his/her loans and obligations.

This Terms of Use is an agreement between you and Lendsqr. It details Lendsqr's obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services.

Privacy Policy

Lendsqr pays close attention to your privacy rights. We ensure our use of your personal data is in tune with regulatory prescription and global standards. The policy is available at privacy policy. Your continued use of our platform is an express consent to our privacy policy.

Acceptable use policy

You are independently responsible for complying with all applicable laws related to your use of our website and services. However, by accessing or using Lendsqr, you agree to comply with the terms and conditions contained below:

1. Restricted Activities
You may not use Lendsqr in connection with any product, service, transaction or activity that:

• violates any law or government regulation, or promotes or facilitates such by third parties;
• violates any rule or regulation of Visa, MasterCard, Verve or any other electronic funds transfer network (each, a “Card Network”);
• is fraudulent, deceptive, unfair or predatory;
• causes or threatens reputational damage to us or any Card Network;
• involves any of the business categories listed in (2) below; or
• results in or creates a significant risk of chargebacks, penalties, damages or other harm or liability.

2. Certain Business Categories
You may not use Lendsqr:

• in connection with any product, service, transaction or activity that falls within the Prohibition List of the Nigerian Customs Administration of the Federal Republic of Nigeria;
• for the sale and/or purchase of:
• banned narcotics, steroids, certain controlled substances or other products that present a risk a consumer's safety;
• blood, bodily fluids or body parts;
• burglary tools;
• counterfeit items;
• illegal drugs and drug paraphernalia;
• fireworks, destructive devices and explosives;
• identity documents, government documents, personal financial records or personal information (in any form, including mailing lists);
• lottery tickets, sweepstakes entries or slot machines without the required license;
• offensive material or hate speech or items that promote hate, violence, racial intolerance, or the financial exploitation of a crime;
• police badges or uniforms;
• chemicals;
• recalled items;
• prohibited services;
• unlicensed financial services, stocks or other securities;
• stolen property;
• items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the laws of any jurisdiction;
• currency without BDC license, certain cryptocurrency operators;
• obscene material or pornography;
• certain sexually oriented materials or services;
• certain firearms, firearm parts or accessories, ammunition, weapons or knives; or
• any product or service that is illegal or marketed or sold in such a way as to create liability to Lendsqr.
• as it relates to transactions that:
• show the personal information of third parties in violation of applicable law;
• support pyramid or ponzi schemes, matrix programs, other 'get rich quick' schemes or certain multi-level marketing programs;
• are associated with purchases of annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card;
• pertain to ammunitions and arms; and
• involve gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from Lendsqr and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.

3. Actions by Lendsqr
If, in our sole discretion, we believe that you may have engaged in any violation of this Acceptable Use Policy, we may (with or without notice to you) take such actions as we deem appropriate to mitigate risk to Lendsqr and any impacted third parties and to ensure compliance with this Acceptable Use Policy.

Such actions may include, without limitation:

• blocking the settlement or completion of one or more payments;
• suspending, restricting or terminating your access to and use of the Lendsqr's Services;
• terminating our business relationship with you, including termination without liability to Lendsqr of any payment service agreement between you and Lendsqr;
• taking legal action against you;
• contacting and disclosing information related to such violations to (i) persons who have sold/purchased goods or services from you, (ii) any banks or Card Networks involved with your business or transactions, (iii) law enforcement or regulatory agencies, and (iv) other third parties that may have been impacted by such violations; or
• rassessing against you any fees, penalties, assessments or expenses (including reasonable attorneys' fees) that we may incur as a result of such violations, which you agree to pay promptly upon notice.

Age restrictions

Our website and services are not directed to persons under the age of 18. We do not knowingly transact or provide any services to persons under the age of 18. If as a parent or guardian, you become aware that your child or ward under the age of 18 has provided us with any information without your consent, please contact us through details on this Terms of Use.